ExodusPoint Capital Management LP Acquires New Shares in Employers Holdings, Inc. (NYSE:EIG)

ExodusPoint Capital Management LP acquired a new stake in Employers Holdings, Inc. (NYSE:EIG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,400 shares of the financial services provider's stock, valued at approximately $994,000. ExodusPoint Capital Management LP owned about 0.08% of Employers at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Employers during the fourth quarter worth about $8,935,000. Raymond James Financial Inc. acquired a new position in shares of Employers in the fourth quarter valued at approximately $7,451,000. JPMorgan Chase & Co. increased its position in shares of Employers by 158.7% during the fourth quarter. JPMorgan Chase & Co. now owns 205,698 shares of the financial services provider's stock worth $10,538,000 after acquiring an additional 126,186 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Employers by 9.5% during the fourth quarter. American Century Companies Inc. now owns 565,154 shares of the financial services provider's stock worth $28,953,000 after acquiring an additional 48,844 shares during the period. Finally, Barclays PLC lifted its position in Employers by 300.2% in the 3rd quarter. Barclays PLC now owns 41,501 shares of the financial services provider's stock valued at $1,991,000 after acquiring an additional 31,131 shares in the last quarter. Institutional investors own 80.49% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Employers from a "buy" rating to a "hold" rating in a research report on Friday, December 20th.

Insider Buying and Selling at Employers

In other Employers news, Director James R. Kroner sold 1,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $52.00, for a total value of $52,000.00. Following the sale, the director now owns 22,458 shares of the company's stock, valued at approximately $1,167,816. This trade represents a 4.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ann Marie Smith sold 1,385 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $51.24, for a total value of $70,967.40. Following the transaction, the insider now directly owns 8,801 shares of the company's stock, valued at $450,963.24. This trade represents a 13.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,385 shares of company stock valued at $276,267 in the last ninety days. 1.50% of the stock is currently owned by company insiders.

Employers Trading Up 1.0 %

Shares of NYSE:EIG traded up $0.48 on Wednesday, hitting $48.79. The company had a trading volume of 5,667 shares, compared to its average volume of 135,130. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 10.36 and a beta of 0.29. Employers Holdings, Inc. has a 1-year low of $38.67 and a 1-year high of $54.44. The stock has a 50 day moving average price of $49.39 and a 200 day moving average price of $50.04.

Employers (NYSE:EIG - Get Free Report) last announced its earnings results on Thursday, February 20th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.07. Employers had a net margin of 13.47% and a return on equity of 8.99%. The company had revenue of $216.60 million during the quarter, compared to analysts' expectations of $221.18 million. Sell-side analysts anticipate that Employers Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Employers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Wednesday, March 5th. Employers's dividend payout ratio (DPR) is presently 25.48%.

About Employers

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. The company operates in two segments, Employers and Cerity. It offers workers' compensation insurance to small businesses in low to medium hazard industries under the Employers and Cerity brands.